Royal Caribbean Cruises Ltd. 2000 Stock Award Plan Stock Option Award Certificate

Exhibit 10.25

 

 

ROYAL CARIBBEAN CRUISES LTD.

2000 STOCK AWARD PLAN

STOCK OPTION AWARD CERTIFICATE

 

 

 

Royal Caribbean Cruises Ltd. (the “Company”) hereby certifies that as of ______________ (the “ Grant Date”), ___________ (the Optionee”), a director, officer or key employee of the Company and/or its subsidiaries, was granted, pursuant to the Company’s 2000 Stock Award Plan (the “Plan”), an option to purchase an aggregate of __________ shares (the “Options”) of Common Stock of the Company at a price of _________ per share. The Options consist of:

 

1.

an Incentive Stock Option to purchase ________ shares of common stock which is intended to meet the   requirements of Section 422 of the Internal Revenue Code; and

 

2.

a Non-Qualified Stock option to purchase _____________ shares of common stock.

`

Except as otherwise provided in the Plan, the Optionee shall have the right to purchase from the Company, in whole or in part, after the following dates, the following number of shares:

 

 

Anniversary Date

Incentive Stock Option

Shares Exercisable

Non-Qualified

Shares Exercisable

 

 

The Options are subject in all respects to the applicable terms and conditions of the Plan now in effect and as may be amended from time to time in accordance with the Plan (which terms and conditions are and automatically shall be incorporated herein by reference and made a part hereof). Unless earlier termination pursuant to any provision of the Plan, the Options shall expire on ______________.

 

IN WITNESS WHEREOF, the Company has caused this Stock Option Award Certificate to be executed and the Optionee has acknowledged his/her acceptance of this Certificate and his/her receipt of the 2000 Stock Award Plan document.

 

 

Royal Caribbean Cruises Ltd.

Optionee:

 

 

By:

______________________________________                                               ________________________________                

                                                                     

 

Name & Title